Gary and I are passionate about helping our community through this foreclosure crisis. We spend a great deal of time educating ourselves and clients to best serve them. Here is our most recent testimonial from a family that we helped to avoid foreclosure here in Valencia, Ca.
March 1, 2010
To Whom It May Concern:
I am writing this letter to express my deep gratitude and appreciation for Gary and Jennifer Ricco. My wife and I were represented by Gary and Jennifer in the short sale of our home, and we can honestly say that they truly are the most amazing real estate agents we have ever worked with.
From the very first moment we met with Gary and Jennifer, we could tell that they were honest, compassionate, and genuine. Gary and Jennifer truly showed an interest in their work and a desire to help people in need. When we explained our situation and need for help, they listened. After gaining a solid understanding of our situation, Gary and Jennifer provided us with options to solve our problem and a commitment to executing the plan no matter how long it took or how difficult it could become.
A short sale is not an easy one, and Gary and Jennifer demonstrated a strong understanding of the entire process and an amazing ability to make it work. From start to finish, Gary and Jennifer knew exactly what needed to be done. They were always one step ahead of the game and had a solid reaction plan based on every possible outcome for any given situation. We were nervous about trying to tackle a short sale with our home, but Gary and Jennifer were always there to explain everything and make us feel comfortable. They truly are experts in distressed property transactions.
Gary and Jennifer have an answer for everything; I truly believe they can accomplish the impossible. I would highly recommend Gary and Jennifer to anyone who needs to buy or sell a home no matter how dire or complicated the situation may be. If anyone can help, Gary and Jennifer can. Not only will they get the job done, but they will be there for you every step of the way.
Gary and Jennifer truly are amazing people. In a world where it seems nobody can be trusted, you can count on Gary and Jennifer. They will help you through any real estate transaction, and be your friend too. When you work with Gary and Jennifer, not only do you benefit from their expertise and professionalism, but you also benefit from the entire professional community that they bring with them. Gary and Jennifer Ricco provide a total package solution to a complex problem.
Sincerely,
Jason H.

Los Angeles Area Wachovia Homeowners are you looking for answer to your
pre foreclosure questions? Marc Souza a Regional Short Sale Manager will
be one of our guest speakers at our 2010 Homeowners Outreach Assistance
Pre Foreclosure Seminar March 6, 2010 from 1-4 pm in Van Nuys. This is your
chance to speak directly with a Wachovia representative as well as other top
professionals in the industry. This event is FREE, seats are filling up quickly
RSVP today!

Homeowner Resources get Your FREE report! Learn how Jennifer & Gary Ricco with the Certified Distressed Property Expert® designation are best suited to help Southern California distressed homeowners. We have been Certified Distressed Property Experts, CDPE since November 2008, helping one homeowner at a time.
Homeowners to get your FREE report go to: www.SantaClaritaPreForeclosureSpecialists.com Click on the resoureces tab to request your FREE report.
License numbers 01461940 & 01803395
Homeowner Resources get Your FREE report! Learn how Jennifer & Gary Ricco with the Certified Distressed Property Expert® designation are best suited to help Southern California distressed homeowners. We have been Certified Distressed Property Experts, CDPE since November 2008, helping one homeowner at a time.
PRE FORECLOSURE OPTIONS
The current U.S. housing market and national financial crisis has caused untold stress and heartache for many American families. Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to Santa Clarita area residents for foreclosure are many. Following is a brief explanation of these solutions, including their benefits and drawbacks:
Reinstatement
A reinstatement is the simplest solution for a foreclosure, however it is often the most difficult. The homeowner simply requests the total amount owed to the mortgage company to date and pays it. This solution does not require the lender's approval and will 'reinstate' a mortgage up to the day before the final foreclosure sale.
Forbearance or Repayment Plan
A forbearance or repayment plan involves the homeowner negotiating with the mortgage company to allow them to repay back payments over a period of time. The homeowner typically makes their current mortgage payment in addition to a portion of the back payments they owe.
Mortgage Modification
A mortgage modification involves the reduction of one of the following: the interest rate on the loan, the principal balance of the loan, the term of the loan, or any combination of these. These typically result in a lower payment to the homeowner and a more affordable mortgage.
Rent the Property
A homeowner who has a mortgage payment low enough that market rent will allow it to be paid, is able to convert their property to a rental and use the rental income to pay the mortgage.
Deed in Lieu of Foreclosure
Also known as a 'friendly foreclosure', a deed in lieu allows the homeowner to return the property to the lender rather than go through the foreclosure process. Lender approval is required for this option, and the homeowner must also vacate the property.
Bankruptcy
Many have considered and marketed bankruptcy as a 'foreclosure solution,' but this is only true in some states and situations. If the homeowner has non-mortgage debts that cause a shortfall of paying their mortgage payments and a personal bankruptcy will eliminate these debts, this may be a viable solution.
Refinance
If a homeowner is lucky enough to have sufficient equity in their property and their credit is still in good standing, they may be able to refinance their mortgage.
Service members Civil Relief Act (military personnel only)
If a member of the military is experiencing financial distress due to deployment, and that person can show that their debt was entered into prior to deployment, they may qualify for relief under the Servicemembers Civil Relief Act. The American Bar Association has a network of attorneys that will work with servicemembers in relation to qualifying for this relief.
Sell the Property
Homeowners with sufficient equity can list their property with a qualified agent that understands the foreclosure process in their area.
Short Sale
If a homeowner owes more on their property than it is currently worth, then they can hire a qualified real estate agent to market and sell their property through the negotiation of a short sale with their lender. This typically requires the property to be on the market and the homeowner must have a financial hardship to qualify. Hardship can be simply defined as a material change in the financial stability of the homeowner between the date of the home purchase and the date of the short sale negotiation. Acceptable hardships include but are not limited to: mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation, and more.
This represents only a summary of some of the solutions available to homeowners facing foreclosure. Please call us today for a free confidential evaluation of your individual situation, property value, and possible options. With our law enforcement backgrounds we pride ourselves on honesty and integrity, your information is kept confidential.
WE CAN SEND YOU THE FOLLOWING FREE REPORTS:
1. Short Sale & Deed-In-Lieu Understand the details and consequences of two dignified solutions to an upside-down mortgage situation.
2. The Truth About Mortgage Modifications The Truth About Mortgage Modifications.
3. 7 Short Sale Myths The 7 most dangerous short sale myths identified and explained.
4. Foreclosure Vs. Short Sale A side-by-side comparison of the consequences of foreclosure and a short sale.
5. Options and Solutions Highlighting 10 alternatives to foreclosure for distressed property homeowners.
To get these Free reports go to: www.SantaClaritaPreForeclosureSpecialists.com simply click on the Resource tab and choose which report you would like e-mailed to you. If you have any questions please feel free to contact these CDPE® Realtors
Jennifer & Gary Ricco CDPE, PSC Keller Williams VIP Properties
25124 Springfield Court Suite 100 Valencia, Ca 91355
(661) 290-3837
We service Los Angeles and Ventura Counties
**This event is for all homeowners, not just Wachovia mortgage homeowners**
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